Places This Week: Pass-a-Grille beachfront home sells for $8M
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A recent sale of a luxurious beachfront home in Pass-a-Grille has caught the attention of the local real estate market, with the property selling for $8 million. Located at 1103 Gulf Way, this stunning residence features five bedrooms and five and a half bathrooms, spread across 4,950 heated square feet. Built in 1935, the two-story home is not only a beautiful living space but also a piece of local history. Despite being sold for $500,000 less than the asking price, the transaction highlights the ongoing demand for high-end properties in St. Pete Beach, a popular area known for its scenic views and tourism.
The sale occurred on October 23, 2024, adding to the growing list of high-value real estate transactions in the region. This trend indicates a robust market for luxury homes, suggesting that buyers are willing to invest significantly in their ideal properties. As the local real estate landscape continues to evolve, such sales will likely influence pricing and availability in the area. Notably, this sale reflects broader trends within the St. Petersburg real estate market, where luxury homes are increasingly sought after.